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Dec 13, 2012
12/12
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but the idea that the going from 35% top rate to the clinton era rates of 39.6, i don't see how you get to punitive in describing that. >> only because it is 5% of our problem but 90% of plolitical dialogue. you know, john, i've argued for it. i've argued for raising it so we can get to the big problems. that all. thanks. >> right. but it is part of the solution. look. ultimately -- >> you are right. >> somebody gives me a nickel, that's part of the solution. i still got 95 cents i got to find some place else. we got to go. i'm getting yelled at in my ear. >> all right. one point as you leave, the biggest part of the solution is a return to economic growth. >> bingo. >> spending cuts or revenue. >> spot on, my friend. that the best thing we have heard all day. >> i'm into that, john. >> all right, we've had more than 24 hours to digest what the fed had to say but time not on our side because, well, we, me, are as confused as of about specifics. mr. leisman, help me, help us, help ourselves. >> i will do my best. it is not just you who is confused. it is reacting to the policy statement
but the idea that the going from 35% top rate to the clinton era rates of 39.6, i don't see how you get to punitive in describing that. >> only because it is 5% of our problem but 90% of plolitical dialogue. you know, john, i've argued for it. i've argued for raising it so we can get to the big problems. that all. thanks. >> right. but it is part of the solution. look. ultimately -- >> you are right. >> somebody gives me a nickel, that's part of the solution. i still got...
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Sep 28, 2012
09/12
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our tax rates were higher and the world did not implode. >> bill clinton cut spending. >> bill clinton did cut spending. >> that's correct. >> bill clinton was worried about deficits. be obama is increasing spending. he wants tax credits and spending subsidies. >> this is not what with tax cuts to higher people -- >> i will ask you about when he talks about energy he is not talking about fraking or shale. he is talking about more green energy spending. that's the difference between him and clinton. >> appreciate that. what i'm saying is if you don't like the same as it ever was, let's have a conversation about the bush years if we are going to talk about what worked and didn't work, bush's policies did not work. if you don't believe me, look at the 4.5 million jobs. >> what do you mean? >> 2008 until january 2009, we lost 4.5 million jobs. >> do you know over the same time span that bush created more jobs. the bush recovery created more jobs than the obama -- >> what was -- >> even though the recession was much milder,crea more jobs than obama did. using the obama metric. listen, i kno
our tax rates were higher and the world did not implode. >> bill clinton cut spending. >> bill clinton did cut spending. >> that's correct. >> bill clinton was worried about deficits. be obama is increasing spending. he wants tax credits and spending subsidies. >> this is not what with tax cuts to higher people -- >> i will ask you about when he talks about energy he is not talking about fraking or shale. he is talking about more green energy spending. that's...
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Nov 27, 2012
11/12
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the clinton income tax hikes underproduced revenue based upon their projections. they got in less money than they thought. when clinton lowered capital gains they got in far more revenue than they thought. cutting taxes is expansionary and raising taxes is contractionary. >> this discussion still comes down to spending. >>> a man in washington who has never wavered on this issue is senator tom coburn and in 20 minutes mr. coburn will join to us vent his frustrations about the fiscal cliff and the one-sided discussion and attention on revenues alone which is driving me crazy. politics aside, the question is what happens to the economy and your money if we go over the cliff or just kick the can down the road? you're going to want to hear what our next guest's predictions are because he's a former undersecretary of the treasury and he's a serious guy. later on, didn't president obama promise to pull out our troops out of afghanistan? now he's changing his mind. we're going look at what that means. i think he's got it right this time, and don't forget, folks, free mar
the clinton income tax hikes underproduced revenue based upon their projections. they got in less money than they thought. when clinton lowered capital gains they got in far more revenue than they thought. cutting taxes is expansionary and raising taxes is contractionary. >> this discussion still comes down to spending. >>> a man in washington who has never wavered on this issue is senator tom coburn and in 20 minutes mr. coburn will join to us vent his frustrations about the...
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Dec 31, 2012
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, the middle class tax cuts, there is a tentative agreement to raise the top rate on taxes to 39.6, clinton era rates for individuals who make over $400,000 and couples who make over $450,000. that's the threshold. also above the threshold, cap gains and dividends from 20% to 15. those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan vote? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would the deal get passed in the house? >> i think it could. we have been talking to republicans who say they think a deal from the senate will pass in the house but pass with democratic and republican votes. he think speaker boehner will put it on the floor and folks are telling me that but that said, you never know until you know and tha
, the middle class tax cuts, there is a tentative agreement to raise the top rate on taxes to 39.6, clinton era rates for individuals who make over $400,000 and couples who make over $450,000. that's the threshold. also above the threshold, cap gains and dividends from 20% to 15. those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan...
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Dec 20, 2012
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john boehner's plan b, which would allow the tax rates to return to bush-era levels, excuse me, to clinton-era levels only for incomes over $1 million. that's not going to become law. democrats say it's not going to move in the senate, president is going to veto it. this is part of the song and dance that goes on between the two parties before you finally get, either, them going over the cliff, because they simply can't agree, or get a big deal next week, which is what the white house and many people in congress still hope happens, maria. >> so, you know, john, most people want to know, why can't we get this deal done, what is the sticking point? >> the biggest sticking point is the inability of the speaker to control the house republican caucus. they don't want taxes to go up. the president, who won the election campaigning on that issue, is trying to say, look, i -- i talked about that across the country, i got 51% of the vote. but the house members, of course, are elected from different districts, many of them, as the president noted in his news conference yesterday, from districts that did
john boehner's plan b, which would allow the tax rates to return to bush-era levels, excuse me, to clinton-era levels only for incomes over $1 million. that's not going to become law. democrats say it's not going to move in the senate, president is going to veto it. this is part of the song and dance that goes on between the two parties before you finally get, either, them going over the cliff, because they simply can't agree, or get a big deal next week, which is what the white house and many...
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Oct 4, 2012
10/12
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worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific version let's talk about some other options.
worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during...
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Sep 27, 2012
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second, has president obama outsourced his foreign policy to hillary clinton? and what about the incredible cover up of the libyan terrorist attack. this could be benghazi gate on the eve of the election. also this evening, mitt romney should draw a red line for middle income taxpayers and say you will not lose your deductions and you will get yours lower tax rates. he has to have a chris cal clear growth message in next week's debate. it could be his last chance. plus the nfl made a deal overnight and the real refs will be on the field this evening. this is a huge story where there were billions of dollars at stake. we have an exclusive new england patriots owner robert kraft joins me this evening. he is the first owner to speak out. all right. following monday's outburst by mahmoud ahmadinejad, it was israeli benjamin netanyahu's turn today. danielle lee joins us with the details. >> good evening. today prime minister netanyahu used a cartoon-like graphic to drive home his fear that iran could have a nuclear bomb completed by this coming summer. he said the t
second, has president obama outsourced his foreign policy to hillary clinton? and what about the incredible cover up of the libyan terrorist attack. this could be benghazi gate on the eve of the election. also this evening, mitt romney should draw a red line for middle income taxpayers and say you will not lose your deductions and you will get yours lower tax rates. he has to have a chris cal clear growth message in next week's debate. it could be his last chance. plus the nfl made a deal...
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Dec 20, 2012
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it's only been since 1995 that we've had these gun free zones around school, during the clinton administration that was passed. prior to that, if you had concealed carry, virtually all the schools would allow you to carry concealed guns on to school property. >> when people try to get on a plane to do harm, they're all banned, the liquid,s plastic explosives. that doesn't man we don't check people for them. if we banned all guns, it doesn't mean that someone's going to get to the school -- that it can prevent an illegal -- a person with an illegal gun getting into the school. it seems like if this had been god forbid a terrorist attack, whether it's domestic or if there were to be a terrorist attack, we wouldn't be asking where the terrorists got the gun or what kind of guns did the terrorists have in we'd want to make sure someone was there to protect the children from another terrorist attack. and we don't seem to be able to face that reality. >> on the first point that you just brought up, the country up till friday had two of tleet worst public school shootings in world history. in fact, t
it's only been since 1995 that we've had these gun free zones around school, during the clinton administration that was passed. prior to that, if you had concealed carry, virtually all the schools would allow you to carry concealed guns on to school property. >> when people try to get on a plane to do harm, they're all banned, the liquid,s plastic explosives. that doesn't man we don't check people for them. if we banned all guns, it doesn't mean that someone's going to get to the school...
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Oct 12, 2012
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the benghazi cover-up has caused a rift between barack obama and the clintons. here we go. ed klein has broken the story. the author of the best selling book "the amateur" will join us next. up next, we need spies for this one, too. defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals want legislation, business beware, but we will cover the cyber threat on kudlow. a ash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... .
the benghazi cover-up has caused a rift between barack obama and the clintons. here we go. ed klein has broken the story. the author of the best selling book "the amateur" will join us next. up next, we need spies for this one, too. defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals...
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Dec 6, 2012
12/12
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when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's playing apple's wild ride today at 1:00 p.m. futuresnow.cnbc.com. >> see you at the top of the hour on cnbc.com. >>> coming up halftime fund managers doing fancy trading to give portfolios a temporary boost and are you, the investor, left holding the bag? jpmorgan's tom lee on track to hit his 2012 s&p target, we'll ask him what's next for the market own your money when halftime comes back. o o. >>> welcome back. will quarter end she nan ganz be hurting your money? some portfolio managers are bidding up stocks the second before a quarter ends, those stocks see temporary pops and the managers can point to b
when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's...
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Oct 3, 2012
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first he's got to find a way to dent the argument that bill clinton and barack obama made at the democratic convention about how president obama's done as well as anyone could do in turning the economy around the last four years. secondly, he's got to make a positive case with passion, with credibility for his own economic plans, for how he's going to make life better for 100% of americans. third, he's going to have to deal with that 47% video which has really taken a toll on his campaign. he's got to do all those things at the same time. we've seen the history of debates, tyler. it is not easy to fundamentally turn a race around but we have seen from our nbc/"wall street journal" poll that he's within three points nationally. still possible for him to win. got get going down. >> amman, there is some buzz about a plan that romney hs apparently floated for basically a $17,000 cap on tax deductions for americans. explain it. you've crunched the number. what's the headline here? >> tyler, the headline here is that the romney campaign e-mailed me this morning on this. they say they want to make
first he's got to find a way to dent the argument that bill clinton and barack obama made at the democratic convention about how president obama's done as well as anyone could do in turning the economy around the last four years. secondly, he's got to make a positive case with passion, with credibility for his own economic plans, for how he's going to make life better for 100% of americans. third, he's going to have to deal with that 47% video which has really taken a toll on his campaign. he's...
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Dec 12, 2012
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think it's worth making some of these cuts and worth everybody having to pay the same taxes when bill clinton was done. otherwise we're going to keep kicking this can down the road, and we're never going to get to the deficit. that is a big problem >> you know, governor -- >> alan greenspan agrees with him, by the way. do you think a mild recession, as he would characterize it, is enough of a price to pay to solve our deficit problem here? >> no, because it won't solve the deficit problem. when you have a contraction you get less revenue and as we see in europe, the revenue goes up, pile on new taxes to deal with the deficit. it gets worse. why can't we learn from experience. when you remove barriers from growth, low tax rates and stable dollar, we start to see signs of life again. >> i'm very interested because we hear a lot of tough talk from both sides of the aisle, right, both sides and the media hearing things on a daily basis and a lot of differences and not much compromise at this stage. do you think that they really are so dug in, or is this just public tough talk? >> i have absolutel
think it's worth making some of these cuts and worth everybody having to pay the same taxes when bill clinton was done. otherwise we're going to keep kicking this can down the road, and we're never going to get to the deficit. that is a big problem >> you know, governor -- >> alan greenspan agrees with him, by the way. do you think a mild recession, as he would characterize it, is enough of a price to pay to solve our deficit problem here? >> no, because it won't solve the...
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Nov 9, 2012
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that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now already i've put forward a detailed plan that allows us to make these investments while reducing our deficit by $4 trillion over the next decade. i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but, i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. and i just want to point out, this was a central question during the election. it was
that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now already i've put forward a detailed plan that allows us to make...
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Nov 10, 2012
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. >> that didn't happen in the clinton years. >> they hire all of the other people, too. >> these are people that caused the tax to fall on other people and that's what they'll do and it's not just their own elasticity and it's the second, third and fourth effects. >> that's the supply side theory is you're the father and i understand you're defending your beloved child and i get that. the evidence simply doesn't support you and one of the things that i said to larry on election night is a big loser in this election was with apologies to you, art, a big loser was supply side economics because that's what mitt romney ran on and it was soundly rejected and the tax structure was beneficial to the economy and the budget. >> let me ask you one question, do you think the president would go along without raising the tax rates on the four categories that larry mentioned? do you think he would agree to something that would not raise those rates? >> i think he's going to start where he should start which is what he ran on which is the expiration of the upper income cuts. where he ends up i'm no
. >> that didn't happen in the clinton years. >> they hire all of the other people, too. >> these are people that caused the tax to fall on other people and that's what they'll do and it's not just their own elasticity and it's the second, third and fourth effects. >> that's the supply side theory is you're the father and i understand you're defending your beloved child and i get that. the evidence simply doesn't support you and one of the things that i said to larry on...
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Nov 7, 2012
11/12
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i think clinton gave the best example of this. his fiscal issues went away and ended up in surplus simply because had he a ten-year expansion. rather than have a knee-jerk reaction that we need to do this before the end of the year, think we should all take a breather and let things play out because the markets kind of correct. >> you're the eternal optimist. let's take off the rose colored glasses for a second. matt, is this just a overreaction or is there real reason to sell off financials now especially with elizabeth warren in the mix. >> elections have consequences, mandy. this is the cold, hard economic reality of the president's plans. not only do have you elizabeth warren, richard krocorde. dod frank will now be implemented. there was a hope with romney it would not. only one-third of the regulations have been put in place. nobody believes the next two-thirds of the regulations will be helpful to banks and financials. i look at the economy going forward. i see no real catalyst for organic growth. i think the money center o
i think clinton gave the best example of this. his fiscal issues went away and ended up in surplus simply because had he a ten-year expansion. rather than have a knee-jerk reaction that we need to do this before the end of the year, think we should all take a breather and let things play out because the markets kind of correct. >> you're the eternal optimist. let's take off the rose colored glasses for a second. matt, is this just a overreaction or is there real reason to sell off...
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Oct 10, 2012
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clinton has sort of been in and out on this. but her role seems to be she's up to her eyeballs in the problem here. but ultimately, peter, this stops at the oval office, does it not? the buck stops there. >> well, can you blame them? can you blame them for not talking to the press about this? because it's a mess. and it's a national disgrace. >> peter brooks, you're terrific. thanks for helping us out. >>> watch coverage of the vice presidential debate tomorrow night beginning with "the kudlow report" at 7:00 eastern. special guest, among others, newt gingrich. that's all we have tonight. thank you very much for watching. tomorrow's big night, this vice presidential debate is going to matter quite a bit. i'm larry kudlow. we'll see you next evening. 1-800 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-25
clinton has sort of been in and out on this. but her role seems to be she's up to her eyeballs in the problem here. but ultimately, peter, this stops at the oval office, does it not? the buck stops there. >> well, can you blame them? can you blame them for not talking to the press about this? because it's a mess. and it's a national disgrace. >> peter brooks, you're terrific. thanks for helping us out. >>> watch coverage of the vice presidential debate tomorrow night...
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Nov 9, 2012
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>> well, you have to recognize that under the clinton administration, the top tax rate on high incomes was 39.6%. we had a lot of prosperity. you go back into the '60s and '50s, the top rate on capital gains was 25% or even higher in various times. so we've had strong stock markets and a strong economy with high rates on tax -- top rates on higher incomes, a lot higher than they are now. so history would say it's not an impediment to a strong economy and a strong stock market. >> are they selling apple because they want to take capital gains before the tax goes up? >> well, the irony of it is, you normally think about at the end of the year is tax law selling. when you know the taxes are going up, the stocks, so you want to sell the stocks are the biggest losses get sold. you realize the loss. well, this year, with stocks that are up a lot become candidates for sell now and get a lower capital gains rate before the end of the year. you have tax gain selling. maybe that's going on in apple. >> all right. no doubt. let me ask you, since the election, stocks have gone down. whatever. 450-
>> well, you have to recognize that under the clinton administration, the top tax rate on high incomes was 39.6%. we had a lot of prosperity. you go back into the '60s and '50s, the top rate on capital gains was 25% or even higher in various times. so we've had strong stock markets and a strong economy with high rates on tax -- top rates on higher incomes, a lot higher than they are now. so history would say it's not an impediment to a strong economy and a strong stock market. >>...
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Dec 7, 2012
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we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i think tom colts
we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight...
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Nov 5, 2012
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income back to the clinton era, 39.6%. i don't know where they're getting 43% from. >> that's where it was. when the bush tax cuts expire it goes to 43%, unless they change that. >> you may not get in the lame duck session a big deal done, but if you find $60 billion, that saves you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capital gains similar -- >> yeah, similar to that range, 20% to 22%. >> is that priced in or is that an upset to the market? >> no, it's clearly priced in. the ceo report just came out that said you need revenues. obama's at 2 1/2 to 1. romney said he's at zero. i don't know how he can fix the debt that way. but it's clear that if you have the ceos coming out saying you need to raise revenues, that's the impetus of getting taxes on the table and getting the deal done. >> and getting the deficit and debt reigned in. you've had a lot of good ideas on infrastructure bank, on job creation. first of all, i know you're on the
income back to the clinton era, 39.6%. i don't know where they're getting 43% from. >> that's where it was. when the bush tax cuts expire it goes to 43%, unless they change that. >> you may not get in the lame duck session a big deal done, but if you find $60 billion, that saves you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capital gains similar -- >> yeah, similar to that range, 20% to...
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Nov 8, 2012
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you've been through this process during the clinton years. how do you get past? it ended in 2011. why is it going to do any better in 2012 or 2013? >> well, i do think the president seems like he's ready to go to work on this. to sit down at the table. and one of the things i found was absolutely essentially when we did this with president clinton, you've got to be able to sit down, negotiate, and then have a realistic understanding. when you say i can't take this configuration back and pass it in my body, people have to understand, let's reconfigure it now rather than try to sell what's not sellable back to the body and alienating people with suspicions -- that realistic understanding of who your -- >> can i mention something quickly? >> on the deductions, the thing that steve mentioned earlier, i think there's an interesting point. i'd like to hear steve respond to this. we actually did have a deduction cap. in fact, it's still in the president's budget. it raises $500 billion over ten years. and it caps deductions at 28%. is that something you would support? >> i didn't have a
you've been through this process during the clinton years. how do you get past? it ended in 2011. why is it going to do any better in 2012 or 2013? >> well, i do think the president seems like he's ready to go to work on this. to sit down at the table. and one of the things i found was absolutely essentially when we did this with president clinton, you've got to be able to sit down, negotiate, and then have a realistic understanding. when you say i can't take this configuration back and...
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>> clinton last night. really stepped it up in a whole different way. >>> joining us now, john kingston. he covers oil for plats global. standing by, ben liechtenstein. what happened with oil? what's likely to happen near term? >> two things yesterday. you mentioned syria and turkey before. it's not just a general tensions thing. there was a port in turkey, it is on the mediterranean, it exports a lot of crude from saudi arabia, from iraq, from syria when they were producing more. there was a fear that port might get pulled into this whole mess and the pipeline is going there, could be affected. so that's on the bullish side. on the bearish side, ahead of the iea, maria vanderhoven, whose job is to tell the oil market is tight, so that the oil market is in fact well supplied. this does not happen. the head of the iea does not talk like this. i found this statement to be stunning. i think it actually does support what a lot of people have seen, that opec production is well above what the world needs to keep
>> clinton last night. really stepped it up in a whole different way. >>> joining us now, john kingston. he covers oil for plats global. standing by, ben liechtenstein. what happened with oil? what's likely to happen near term? >> two things yesterday. you mentioned syria and turkey before. it's not just a general tensions thing. there was a port in turkey, it is on the mediterranean, it exports a lot of crude from saudi arabia, from iraq, from syria when they were...
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say that, bill clinton has not said that before. >> i could have done better. you could have done better. i think anybody who wasn't ideologically driven could have done better. >> what would you have done? >> sorry? >> the meaningful steps. >> what wouldn't you have done. >> we need jobs so therefore -- and we need exports so therefore the first thing you do is have the nlrb attack the number one exporter in the country on really preposterous grounds, then you in effect start yelling at business and threatening business and then you get on the tv and talk about las vegas and all of a sudden the hotel business dies. i mean, the answer is that we need leadership, not criticism. we need encouragement not discouragement and until that scenario changes i think the united states is quote/unquote, i hate to use this word, in a malaise. >> is that a function of new laws and legislation or a function of rhetoric? >> first of all it's both, okay, in other words, we hope that it's new laws. the reality is, it isn't new laws. it's using the executive branch to legislate b
say that, bill clinton has not said that before. >> i could have done better. you could have done better. i think anybody who wasn't ideologically driven could have done better. >> what would you have done? >> sorry? >> the meaningful steps. >> what wouldn't you have done. >> we need jobs so therefore -- and we need exports so therefore the first thing you do is have the nlrb attack the number one exporter in the country on really preposterous grounds, then...
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on the economy, bill clinton 55%, barack obama 26%. bill clinton. the end of -- let's see, the era of big government is over. i will never forget it. in the campaign so far he's sided with romney saying to extend the bush tax cuts. nothing wrong with bain capital and romney has a successful business career. people like clinton. >> part of it is they remember the '90s as the modern equivalent of the roaring 20s. it was a good decade economically. they like what you were saying. 63% of americans want the bush tax cuts extended. most people think cutting taxes is good for the economy. what hurts the president through all of this and the reason he suffers by comparison to bill clinton, clinton did give a sense he was interested in slowing the growth of spending. barack obama keeps indicating he wants to spend even more. that's a recipe the american people simply don't buy. >> is that what it says about obama? in other words, i'm going to take it to mean a lack of confidence in obama and people don't want the kind of big government that obama seems to st
on the economy, bill clinton 55%, barack obama 26%. bill clinton. the end of -- let's see, the era of big government is over. i will never forget it. in the campaign so far he's sided with romney saying to extend the bush tax cuts. nothing wrong with bain capital and romney has a successful business career. people like clinton. >> part of it is they remember the '90s as the modern equivalent of the roaring 20s. it was a good decade economically. they like what you were saying. 63% of...
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>> bill clinton. >> bubba is hoping. barack obama won a nobel peace prize before bubba, so did al gore. >> well, if you are looking for beta, biotech might be your answer. the biotech index is up 47% just in year outperforming the s&p 500 by 30%. investors continue to seek out the group for its growth from prospekts. eric schmidt says more and more growth fund managers are taking interest in biotech where earnings are not correlated with the macro environment. ubs writes that alexion is a significant double-digit growth driver but uses the orphan drug model where pricing and reimbursement are insulated, the biotech is up a whopping 400% over the past three years. keep in mind this is a speculative takeout target. another standout stock, gilead sciences is up 70% year-to-date, ubs has it as its top large tech biotech pick, it's attractively trading to a discount to the biotech sector, biogen up 50% in the past year thanks to its strong earnings performance and anticipation riding behind its multiple sclerosis drug bg12 wh
>> bill clinton. >> bubba is hoping. barack obama won a nobel peace prize before bubba, so did al gore. >> well, if you are looking for beta, biotech might be your answer. the biotech index is up 47% just in year outperforming the s&p 500 by 30%. investors continue to seek out the group for its growth from prospekts. eric schmidt says more and more growth fund managers are taking interest in biotech where earnings are not correlated with the macro environment. ubs writes...
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>> what happened in the '90s after clinton- -- taxes were raised under clinton, the economy was pretty strong. >> that's because we lowered taxes and all these businesses that we created in the '80s came to fruition in the '90s you can get away with that for a short period of time. let's take a look at the 2003 tax cuts. when those were enacted federal revenues $128 trillion, four years later it's over $205 trillion. it grew with tax cuts through economic growth. far more effective. so -- >> excuse me. -- >> -- amount of growth, president obama has concentrated on growing government, scaring the you know what out of employers. everything this president has done has harmed the economy, decreased -- >> why is it recovering, though? >> it's meager recovery. >> yeah, but it is recovering. >> because the american economy -- >> why isn't it worse than when he started? >> the american economy is a marvel, even with regulatory burden we're still able to get some meager economic growth. can you imagine what would happen if we take that regulatory burden off the economy, if we actually didn't th
>> what happened in the '90s after clinton- -- taxes were raised under clinton, the economy was pretty strong. >> that's because we lowered taxes and all these businesses that we created in the '80s came to fruition in the '90s you can get away with that for a short period of time. let's take a look at the 2003 tax cuts. when those were enacted federal revenues $128 trillion, four years later it's over $205 trillion. it grew with tax cuts through economic growth. far more effective....
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the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president c
the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of...
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bill clinton was able to have a budget surplus, but we were in a different moment, the internet middle age and the market was booming. >> you're making one of my key points. the tax debate has inflated two things. growth and tax policy, and i don't think their nearly as connected as you suggest. it running on innovation and the kins of waves like an internet boom, a housing boom and bubble, you want to avoid the bubbles and the booms. you want to collect ample revenue to avoid the fiscal train wreck we're looking at right now and the surpluses we'll have at the end of the clinton years. ask any nonpartisan person and they will tell you we're headed for a fiscal train wreck because of our tax policy. >> let's talk about right now. right now we're at a moment in time in the economy where we're still in a fragile situation. can you really say taxes, you know, should be going higher now? can you junction make a blanket statement that should be at any moment in time? if we raise taxes now, doesn't that make it tougher for most people and we are at such a fragile moment, how will we get jobs
bill clinton was able to have a budget surplus, but we were in a different moment, the internet middle age and the market was booming. >> you're making one of my key points. the tax debate has inflated two things. growth and tax policy, and i don't think their nearly as connected as you suggest. it running on innovation and the kins of waves like an internet boom, a housing boom and bubble, you want to avoid the bubbles and the booms. you want to collect ample revenue to avoid the fiscal...
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our guest is a former adviser, economic adviser, to president clinton and senator barack obama, dr. robert shapiro, welcome. >> hi, rick. glad to be here. >> reporter: all right. dr. shapiro, it seems so ironic -- and i've used that word twice -- to listen to boehner worry about fate of generations down the road. at that particular point in time, this particular point in time, why does the senate want to guarantee a taxpayer expense, a program that is as large as $1.6 trillion? is there any reason you can think of? >> well, the only reason is that some banks think that if they have the guarantee, they'll get more of these deposits. the fact is, this is bad for the economy. it's bad for the banking system. there's a basic principle of deposit insurance. and that is you want to cover almost all depositors but not all deposits. and so you put a limit -- the limit has been $250,000. so the insurance coverage goes up to $250,000. that covers over 99% of all depositors. but it only covers 78% of deposits. and that means these very large institutions with big deposits, they get insurance o
our guest is a former adviser, economic adviser, to president clinton and senator barack obama, dr. robert shapiro, welcome. >> hi, rick. glad to be here. >> reporter: all right. dr. shapiro, it seems so ironic -- and i've used that word twice -- to listen to boehner worry about fate of generations down the road. at that particular point in time, this particular point in time, why does the senate want to guarantee a taxpayer expense, a program that is as large as $1.6 trillion? is...
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so we're not really talking about clinton era tax rates. we're talking about something else. >> you're not talking about clinton era spending, size of government. >> anyway. bingo. >> this will continue in the meantime, check futures real quick. it's not setting up nicely after mr. bernanke's announcement yesterday. looks like we'd open up with another down day. not horrible but not great, either. coming up next the markets, yep, appearing to shrug off the fed's move to get aggressive on the economy. we're going to take a look at where you should be putting your money to work. write now, "squawk box" on cnbc profit from it. ....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> they're not admitting. good morning and welcome back. we have a buyout deal for
so we're not really talking about clinton era tax rates. we're talking about something else. >> you're not talking about clinton era spending, size of government. >> anyway. bingo. >> this will continue in the meantime, check futures real quick. it's not setting up nicely after mr. bernanke's announcement yesterday. looks like we'd open up with another down day. not horrible but not great, either. coming up next the markets, yep, appearing to shrug off the fed's move to get...
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he brings bill clinton in. clinton stands in the press room, and makes the sale by simply saying, you know, what, if we don't extend these tax cuts, we're going to have a double-dip recession. now, i think that's what clinton's talking about. and i want to ask you what this means that clinton called obama an amateur. >> well, i think he's felt that way a long time, if you read jonathan altar's book on the first part of the obama administration, you see there's a lot of resentment there about the idea this guy just came in, i think the words he uses is, he dropped his bags off at the senate and started running for president, who isn't nearly ready for the job. it actually makes sense that clinton would feel that way about president obama and, you know, to hear a story like that kind of reinforces -- >> this is brutal stuff. this is brutal stuff, from an outspoken president, who obviously he wants his wife to run. i mean, that's in the book. and in the book she says no. but what does it mean? clinton says obama d
he brings bill clinton in. clinton stands in the press room, and makes the sale by simply saying, you know, what, if we don't extend these tax cuts, we're going to have a double-dip recession. now, i think that's what clinton's talking about. and i want to ask you what this means that clinton called obama an amateur. >> well, i think he's felt that way a long time, if you read jonathan altar's book on the first part of the obama administration, you see there's a lot of resentment there...
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tax code, under the clinton tax rate, under the clinton tax rates we did so well? hmm. i have an idea. everybody in the house and the senate, try this out for size. let's go back to the same spending levels against gdp and taxes. how's that? does that sound pretty good? because where i come from, when we raise this debt ceiling as i talked about yesterday to $22 trillion, i just can't even imagine -- i can't imagine there's a band-aid big enough to cover it. although, although you just never know sometimes because sometimes when you need a $22 trillion band-aid, maybe we can find one. but is it really the way you want to go? is our answer a band-aid this big? is this what's it's come to in this country? i leave it up to you. carl, back to you. >> i want to know how you made that, rick. >> is that adhesive? does that actually work? >> it's going to hurt when you take it off. >> rip that thing off, that's for sure. >> he is so creative. >> very creative. >>> with the dow up 61, a lot better than the early session would suggest, what are we going to talk about tonight
tax code, under the clinton tax rate, under the clinton tax rates we did so well? hmm. i have an idea. everybody in the house and the senate, try this out for size. let's go back to the same spending levels against gdp and taxes. how's that? does that sound pretty good? because where i come from, when we raise this debt ceiling as i talked about yesterday to $22 trillion, i just can't even imagine -- i can't imagine there's a band-aid big enough to cover it. although, although you just never...
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last week the senate began talking about it, bill clinton began talking about it. the next morning larry summers toked about it on a competing network. both had to issue retractions. the white house forced them to issue retractions within minutes. the white house is so afraid of any spokesman for the democratic party coming out and saying what democrats said in 2010. >> that story is tarting to get out. when barack obama is forced to admit that the economy is not doing fine that means the tax cuts are going to get extended. >> and you think the weak economy is going let mitt rom y romney -- you are a bull? >> i am a bull for those reasons and stocks are so crazy. everybody is worried about the crazy little country. the good guys are going to win greece over the weekend and here in november. >> good guys always win. i will see you tomorrow on radio. >> see you there. >> tonight on "the kudlow report" the president is trying to fool us with smoke and mirrors and make us forget about the singeing numbers. we won't be fooled again. no way. ttd#: 1-800-345-2550 ttd#: 1-
last week the senate began talking about it, bill clinton began talking about it. the next morning larry summers toked about it on a competing network. both had to issue retractions. the white house forced them to issue retractions within minutes. the white house is so afraid of any spokesman for the democratic party coming out and saying what democrats said in 2010. >> that story is tarting to get out. when barack obama is forced to admit that the economy is not doing fine that means the...
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as president clinton said at the democratic convention, this thing is really all about arithmetic, but then he went on to explain the problem without using one number so i think the issues are much bigger than numbers but there will be a clear discussion of numbers. i think congressman ryan's hardest thing is trying to keep up with what governor romney's position is on any one of the issues. one of the things that threw president obama off was finding so many new positions like there's no $5 trillion tax cut, i'm not going to cut education when there's already a proposal, the ryan proposal which would have cut education by 20% and just yesterday the fact that the governor changed his position on abortion so i think it's a challenge for vice president biden because you don't know who you're going to be facing in terms of the issues, it's going to be a challenge for congressman ryan because he has to keep track of the different positions governor romney has taken to decide the position du jour for today's debate. >> one of the numbers people are talking about quite a bit is the jobs numb
as president clinton said at the democratic convention, this thing is really all about arithmetic, but then he went on to explain the problem without using one number so i think the issues are much bigger than numbers but there will be a clear discussion of numbers. i think congressman ryan's hardest thing is trying to keep up with what governor romney's position is on any one of the issues. one of the things that threw president obama off was finding so many new positions like there's no $5...
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but very little has been said about the fact that no one is close to the clinton era spending levels. so, as you know, when you were in the white house, the budget was last balanced, spending was around 19% of gdp. even under the republican proposal it's way above that. so how do you get comfortable that we'll ever get closed to a balance budget when spending is 15% to 20% higher than the last time we were in balance? >> harry, i think that's an excellent point. there are two factors there, maybe three. one, very much higher defense topline. second, the results of the recession are still being felt in the budget today. receipts are still down. and spending is still up from the high level of unemployment. that will hopefully come back to normal over the next year or two. and then third, we've got a bigger entitlement bill. and so i think you got to try to find restraint in all those areas to bring spending down. i don't think it's likely to be down as low as it was in the late 1990s, because of the demographics. and because, quite frankly, i don't think the defense bill is going to be
but very little has been said about the fact that no one is close to the clinton era spending levels. so, as you know, when you were in the white house, the budget was last balanced, spending was around 19% of gdp. even under the republican proposal it's way above that. so how do you get comfortable that we'll ever get closed to a balance budget when spending is 15% to 20% higher than the last time we were in balance? >> harry, i think that's an excellent point. there are two factors...
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obama won't listen to clinton. clinton has the story right. >> let's go back to -- >> two things, excuse me, now that -- >> let's do it now. >> listen, if he wants to put the 800 of the original deal on the table, i think mr. boehner might take that. >> let's get a deal. >> well, the president wanted to go back to the original deal? is the president willing to go back to the original deal? he wasn't. he pulled the rug out from speaker boehner. that's been reported in reputable newspapers, very liberal newspapers. >> and the opposite is being reported as well. >> no, it is not, it's just factually wrong. >> that's the buffett rule. >> we're not going to sell this tonight. it's not personal, but i believe that president obama really needs some new advisers who are not ultra-left and ought to go to the clinton camp to get them, but that's another subject for another debate. mr. kasim reed, mayor reed, thank you very much, jennifer rubin and jimmy pethokoukis. back when president obama was able to bring both sides to t
obama won't listen to clinton. clinton has the story right. >> let's go back to -- >> two things, excuse me, now that -- >> let's do it now. >> listen, if he wants to put the 800 of the original deal on the table, i think mr. boehner might take that. >> let's get a deal. >> well, the president wanted to go back to the original deal? is the president willing to go back to the original deal? he wasn't. he pulled the rug out from speaker boehner. that's been...
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plus, the white house economic council for bill clinton says we all secretly want bigger government. he'll tell us why coming up as maria bartiromo continues now with the second hour of the "closing bell." i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks giving back all of yesterday's gains and then some. that means the dow will go to entire month without having back to back gains today. it's the first time that's happened in two years for the dow. meanwhile, the facebook flop continues. the stock falling below $28 a share several times in the past hour. the stock fell another 2% and has now fallen 26% since going public less than two weeks ago at 28. check this out in the eight days that the stock has traded, it closed down six times, including today. here's a look at how we finish the day on wall street, meanwhile, dow jones down 161 points. it's down to 12,419. nasdaq under water as well, down 33 points, better than 1%.
plus, the white house economic council for bill clinton says we all secretly want bigger government. he'll tell us why coming up as maria bartiromo continues now with the second hour of the "closing bell." i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks giving back all of yesterday's gains and then some....
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in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for th
in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the...
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secretary clinton did did mention human rights, but most of her remarks were around cooperation. president hu jintao urged mutual respect between the between countries. with the case receiving so much media attention, it is likely that china needs to salvage it face that has been lost by two embassy incidents in the past few months. so chen may not be allowed to go to the u.s. immediately, but judging by the past cases, similar cases, the release may come later. what this does is highlight the degree of human lights abuses at china local government levels. i tried to contact the government of chen's hometown and they said everyone has left and nobody could do interviews. meanwhile china's global times newspaper says this issue has been blown out of row portion by the u.s. government and western media. back to you. >> and after talking to chen guangcheng earlier this morning, she tried to get back in touch with me later in the away, but what i've been tolden t is that phone line is completely dead. so maybe he is out of touch, maybe the authorities are doing -- it's hard to tell f
secretary clinton did did mention human rights, but most of her remarks were around cooperation. president hu jintao urged mutual respect between the between countries. with the case receiving so much media attention, it is likely that china needs to salvage it face that has been lost by two embassy incidents in the past few months. so chen may not be allowed to go to the u.s. immediately, but judging by the past cases, similar cases, the release may come later. what this does is highlight the...
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hillary clinton says ties have never been stronger, while remere wen warns differences need to be respected. >> and in greece, the page tarties are expected to be hit hard at the polls among anger over the country's austerity drive. >> and facebook sets the price range for its upcoming ipo and try to convince investors to like the deal. >>> welcome to "worldwide exchange." the eurozone economy is worsening quite significantly over the month of april. we're looking at the final services pmi reading of 46.9 as opposed to the flash reading of 47.9. so you're looking at the final services pmi data seeing its biggest down grade from the flash since october of 2008. final services employment also quite a bit lower than what we've seen before. the lowest since february of 2010. composite pmi weaker than anticipated and the final composite new business also weaker than anticipated. let's get stuck into the show. our first guest is james berman. the weakening data, it seems like there has been a trend as of late. does it worry you? >> it's quite interesting. i think euro land data is forward looking
hillary clinton says ties have never been stronger, while remere wen warns differences need to be respected. >> and in greece, the page tarties are expected to be hit hard at the polls among anger over the country's austerity drive. >> and facebook sets the price range for its upcoming ipo and try to convince investors to like the deal. >>> welcome to "worldwide exchange." the eurozone economy is worsening quite significantly over the month of april. we're looking...
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but second -- >> it reminded me of hillary clinton four years ago. i had forgotten that i thought hillary clinton won in all those debates. i picked up a lot of the same mannerisms and that was before he was in the office. and could say i'm not used to -- >> he apparently kicked john kerry's butt in all the preparation. well, i've got a plan-apparently he just wasted him. they had high expectations because he kicked john kerry's -- the other thing, john, i read a couple places that it was a drag preparing for this. the next between weeks are going to be -- when's the next debate? >> vice presidential debate is next thursday. and two weeks from now the presidential. >> next two weeks will be a complete drag. >> but one other point about the substance. because we still don't know how swing voters, the people who are still -- how they view the two side by side. it is possible in a country as polarized as ours to really get your side going and think you really kicked the other guy's behind and find that it doesn't move the needle all that much. and we ha
but second -- >> it reminded me of hillary clinton four years ago. i had forgotten that i thought hillary clinton won in all those debates. i picked up a lot of the same mannerisms and that was before he was in the office. and could say i'm not used to -- >> he apparently kicked john kerry's butt in all the preparation. well, i've got a plan-apparently he just wasted him. they had high expectations because he kicked john kerry's -- the other thing, john, i read a couple places that...
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Jul 25, 2012
07/12
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thank you very much, former clinton and gore adviser. i appreciate it. i want to give you time to catch up. the rap made by team romney against your man, obama, is they are bungling syria, not tough on iran and don't have an america-first, america greatness vision for foreign policy. your response, please. >> well, three words. osama bin laden. i think the president has documented, demonstrated that he is very strong when it comes to keeping america safe and national security. the issue is what's mitt romney's vision? he's doing this where is waldo tour overseas. did you want seem there will be a single syria substantive piece of information, vision. any bigger idea of where he stands in foreign policy that will come out of that. >> chris, to give you time to catch up, the criticism made again by team romney, i heard it from the governor the other night on the show. america is turning its back on great allies like israel, maybe britain and the czech republic and poland. meanwhile spending too much time playing footsie with iran and other bad actors. that
thank you very much, former clinton and gore adviser. i appreciate it. i want to give you time to catch up. the rap made by team romney against your man, obama, is they are bungling syria, not tough on iran and don't have an america-first, america greatness vision for foreign policy. your response, please. >> well, three words. osama bin laden. i think the president has documented, demonstrated that he is very strong when it comes to keeping america safe and national security. the issue...
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Oct 9, 2012
10/12
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this is the tightest security since bill clinton visited back in '99. 7,000 police officers are on duty, they're lining the streets. and we're here at the square where the violence and riots have usually taken place. the square is very slowly but surely filling up with people and i'm guessing there's around 1,000 to 2,000 protesters here. the public unions and private sector unions are staging a three hour strike for their workers to be able to established this rally. right now it is very peaceful, but we'll keep you updated on what's happening the next couple of hours. back over to you. >> i thought that they were banning protests today to try and keep the situations from getting out of control. >> you're absolutely right. but these protests by the two busiest unions, the private and the public sector unions, they have already been confirmed. so will he can actually go through. but of course they want to block off the city that there will be any impromptu protests over the next couple of hours and they can't rule out that there will be clashes with the police as more and more people ar
this is the tightest security since bill clinton visited back in '99. 7,000 police officers are on duty, they're lining the streets. and we're here at the square where the violence and riots have usually taken place. the square is very slowly but surely filling up with people and i'm guessing there's around 1,000 to 2,000 protesters here. the public unions and private sector unions are staging a three hour strike for their workers to be able to established this rally. right now it is very...
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Sep 5, 2012
09/12
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bill clinton is tonight's headliner. we'll go to north carolina and check in with john harwood in a moment. >>> first, nfl kickoff, the giants and cowboys play tonight but the real game is on "squawk" this morning. we'll talk big business of the pigskin with the top nfl executive, mark wal erwaller at eastern time. and exclusive interview with indra nooyi from pepsico. and we'll talk to the owner of the new york jets, woody johnson at 7:15 eastern. and we have the owners of the cowboys and the giants, they will be live together at :15 eastern time. jerry jones and steve tisch in a "squawk box" exclusive. let's start with the top headlines, andrew. >>> let's talk facebook. it's promising not to sell stock to cover a $2 billion tax bill. it says it will cover that with existing cash and borrowing from credit facilities. as a result of the move, total outstanding shares will be reduced by 1.5 million shares. the company spinning it as a equivalent of buy back. the company disclosing rank and file employees can start selling
bill clinton is tonight's headliner. we'll go to north carolina and check in with john harwood in a moment. >>> first, nfl kickoff, the giants and cowboys play tonight but the real game is on "squawk" this morning. we'll talk big business of the pigskin with the top nfl executive, mark wal erwaller at eastern time. and exclusive interview with indra nooyi from pepsico. and we'll talk to the owner of the new york jets, woody johnson at 7:15 eastern. and we have the owners of...
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Sep 25, 2012
09/12
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he joins us from the clinton global initiative in new york to talk housing and more. i'm also joined by my special co-host this our, cme's terry duffy. good to see you, eli. >> good to be with you again. >> as the founder of kb home, what do you say to these reports that thicngs are getting better? >> it's clear to me we're at the start of a real housing recovery. as you reported, 15 metropolitan areas saw in the last seven months a 5.9% increase in housing prices. we know consumer confidence is up. we know that interest rates are near an all-time low. i think people are going to recognize that buying a house now makes an awful lot of sense. they're not going to fear their home values are going to go down. so it's the start of a great recovery. >> terry? >> eli, i have a quick question for you. the market, i agree with you, has had a tremendous selloff. i like buying lows and selling highs. with interest rates being at an all-time low, if there's an uptick in rates, what does that do to the housing market? >> i don't think we're going to have an uptick in rates for th
he joins us from the clinton global initiative in new york to talk housing and more. i'm also joined by my special co-host this our, cme's terry duffy. good to see you, eli. >> good to be with you again. >> as the founder of kb home, what do you say to these reports that thicngs are getting better? >> it's clear to me we're at the start of a real housing recovery. as you reported, 15 metropolitan areas saw in the last seven months a 5.9% increase in housing prices. we know...
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Sep 19, 2012
09/12
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clinton was inspiring. >> yeah. a lot of people did think that. clinton's speech drew a huge draw even as it was going up against an nfl game. the league opener for that night. >>> when we come back, we'll have more from jack welch. >>> and in the next hour, co-founder of the case shiller index, he's going to talk to us about the state of today's housing. >>> in honor of talk like a pirate day, here's a joke for you. who was a pirate's favorite reggae artist? the answer when "squawk box" returns, arrr. >>> welcome back, matey, here's the answer to the talk like a pirate hour. who's the pirate's favorite music arrrrtist, if you guessed bob marley, you are correct. >> welcome back, everybody. our guest host is jack welch. he's the founder of the jack welch management institute. and jack, when you're here, we usually talk a little bit about the economy and what you're seeing through the lens. how are things both in the united states and europe. >> and china? >> let's talk about the u.s. in almost every business, there are pockets of real success. let
clinton was inspiring. >> yeah. a lot of people did think that. clinton's speech drew a huge draw even as it was going up against an nfl game. the league opener for that night. >>> when we come back, we'll have more from jack welch. >>> and in the next hour, co-founder of the case shiller index, he's going to talk to us about the state of today's housing. >>> in honor of talk like a pirate day, here's a joke for you. who was a pirate's favorite reggae artist?...
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Sep 6, 2012
09/12
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growth during the clinton years. okay? it is in my opinion the one thing he has not done. he doesn't get along with congressional leaders. he doesn't get along with his own party much less republicans and i thought that was the key difference and a very weak spot. maybe clinton is saying to obama you ought to take my cue and work with these guys because we have big problems. that surely, mr. obama has not demonstrated any cooperation in this game. >> that is raising a lot of eyebrows. if clinton is your alpha surrogate, why the bridge, the gap between his policy, his world view and what he expect obama's world view? >> there are two different world views. i always believe that bill clinton was ronald reagan's third team, particularly when the congress turned republican and incidentally i often praised clinton during those years that he did a great job. mr. obama is not cut from the same cloth. clinton cut spending substantially. clinton raised taxes and then he lowered the capital gains tax and clinton had welfare re
growth during the clinton years. okay? it is in my opinion the one thing he has not done. he doesn't get along with congressional leaders. he doesn't get along with his own party much less republicans and i thought that was the key difference and a very weak spot. maybe clinton is saying to obama you ought to take my cue and work with these guys because we have big problems. that surely, mr. obama has not demonstrated any cooperation in this game. >> that is raising a lot of eyebrows. if...
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Dec 10, 2012
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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Nov 20, 2012
11/12
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and just question back to clinton. >> now we're getting in to the higher incomes. a married couple with two children earning $2 million, you will see your effective federal income tax rate rise to 26.8% from 21.6%. that would be your effective tax rate. >> i don't understand how that's the effective tax rate, because i don't understand how it is. this person that i know pay 3/3%. >> they must be making assumptions some of it is in capital gains. >> unfortunately, we forget that they're marginal. >> really? i don't forget that. >> but we often talk about it as if it's sort of like a monolithic -- >> but when obama says, hey, you still get that tax cut on under 250, if you make $2 million and you keep the tax cut under 250, it's ludicrous to talk about that. >> but the effective rates versus the marginal rates is very interesting. >> effective rates are because of all the deductions and everything. but i'm at this point, i do a radio interview -- if you do do something with the mortgage interest, that has a lot of people worried about the housing industry. then if yo
and just question back to clinton. >> now we're getting in to the higher incomes. a married couple with two children earning $2 million, you will see your effective federal income tax rate rise to 26.8% from 21.6%. that would be your effective tax rate. >> i don't understand how that's the effective tax rate, because i don't understand how it is. this person that i know pay 3/3%. >> they must be making assumptions some of it is in capital gains. >> unfortunately, we...
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Aug 8, 2012
08/12
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let's ask the director of tax an budget policy for center of american progress started by a top bill clinton adviser. you say 75% is too much but by the same token, 35% is too low. so what would be right? >> that's a great question. that's the debate we should be having. if those are the parameters, 35's too low, 75's too high we could have a serious debate. the president said 39.6. under pst reagan, six out of eight years it was 50. that's probably the top end and 15 percentage points to be doing better. >> okay. let's get to how we define taxes, though, mike. i the end to agree with you. i argued in print and on this show why to pass the buffett rule to move on. the added revenue isn't that much. the problem is state taxes gone up. property taxes have gone up. sales taxes have gone up. not just 39.6. it is like 50 when you add in everything. if not higher for some. >> yeah. there's definitely some states where that's true. some states have progressive income taxes, some have no income taxes. but it looks like there's academic research that suggests in the 60s is where you kind of get that
let's ask the director of tax an budget policy for center of american progress started by a top bill clinton adviser. you say 75% is too much but by the same token, 35% is too low. so what would be right? >> that's a great question. that's the debate we should be having. if those are the parameters, 35's too low, 75's too high we could have a serious debate. the president said 39.6. under pst reagan, six out of eight years it was 50. that's probably the top end and 15 percentage points to...
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Oct 19, 2012
10/12
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i like the joke about clinton because obama does get a lot of grief for that. and i think that was katie couric that could yyou could gln the corner. monday is the next debate and i'll be state side. so i'll be there. >>> it's 25 years since black monday. kelly was about that big. we'll look at what was behind that crash and whether something like it could ever happen again. >>> well come to "worldwide exchange." these are your headlines. worst may be over. come to "wor exchange." these are your headlines. worst may be over.come to "worl exchange." these are your headlines. worst may be over. leaders sounding confident but still lots of questions of oversight and recapitalization. >> and google continues to move lower in european trade after looking $22 billion in market cap on wall street. the search engine shocks investors are earnings are released hours ahead of schedule. and missed forecasts. >>> microsoft gets set to launch windows 8. >> and sony plans to cut 2,000 jobs in japan through an early retirement program. >>> not a ton of movement. dow looking to
i like the joke about clinton because obama does get a lot of grief for that. and i think that was katie couric that could yyou could gln the corner. monday is the next debate and i'll be state side. so i'll be there. >>> it's 25 years since black monday. kelly was about that big. we'll look at what was behind that crash and whether something like it could ever happen again. >>> well come to "worldwide exchange." these are your headlines. worst may be over. come to...